Amazon, Snap, Pinterest fall premarket; Intel, Exxon rise By Investing.com

Investing.com – Stocks were in focus in pre-market trading on Friday, April 28th. Please update for updates.

• Amazon (NASDAQ:) NASDAQ stock fell 3.4% after the tech giant slowed down its important cloud computing division Amazon Web Services — a key driver of the group’s overall profit.

• Intel (NASDAQ:) NASDAQ stock rose 6.1% after the chip maker said gross margins would improve in the second half of the year, following the biggest quarterly loss in the company’s history.

• pop (NYSE::) Stock fell more than 18.1% after the company, which owns the picture messaging app Snapchat, lowered its quarterly revenue forecast as changes to its ad platform hurt demand for ads.

• pinterest (NYSE: ) stock fell 13% after expected revenue growth for the second quarter missed expectations, dragged down by slumping advertising spending.

• Exxon Mobil (NYSE: ) stock rose 0.8% after the oil giant posted a record first-quarter profit, as rising oil and gas production outweighed a slump in energy prices from high levels.

• chevron (NYSE::) its stock fell 0.3% after reporting a strong first quarter, but the exploration and production business — responsible for oil and gas production — saw its income decline.

• Sony (NYSE:) shares fell 3% after the Japanese conglomerate predicted its profits would drop from a record high as weak financial services sales offset gains from games, music and movies.

• First Republic Bank (NYSE::) rose 4.4% on reports that the US government is coordinating urgent talks to bail out the beleaguered lender.

• Cloud Flair (NYSE::) The company’s stock fell 24% after it reported weaker-than-expected first-quarter revenue from the cloud services provider and issued a downbeat outlook for the full year.